TSA shakeup | Small pension relief | The next shooting victim

Amid outrage over massive security lines at O'Hare and Midway, the head of security operations at the Transportation Security Administration has been replaced. The agency's head also announced that a new leadership team is now overseeing screening operations at O'Hare. The Associated Press reports.

When will things get better for Urban Partnership Bank?

The CEO of the South Side lender says this year, as the bank works to emerge from the long shadow of the demise of its forebear, ShoreBank. Doing so, however, will require investors to take a leap of faith, notes Crain's.

Polsky gives $35 million to expand U of C entrepreneur center

The latest donation by the energy industry mogul aims to make the Polsky Center for Entrepreneurship and Innovation the University of Chicago's "one-stop shop" for startups. Crain's reports.

City reaches new pension deal with laborers

The good news is that the agreement to refinance one of the city's cash-short pension funds should pass legal muster with the Illinois Supreme Court, which rejected a prior pact on constitutional grounds. The bad news is that city taxpayers will have to chip in an additional $70 million or so to start, and some of that money will be diverted from a different pension fund covering other employees, writes Crain's Greg Hinz.

In a move seen as an attempt to fend off a hostile takeover by Gannett, billionaire Patrick Soon-Shiong, a biotechnology pioneer, has made a $70.5 million investment in Tribune Publishing. Bloomberg looks at his hopes to bring the print newspaper back to life with “machine vision” technology he's developed to transform the experience of reading a print newspaper.

When Miss USA contestants from across the country shop for dresses, they often head straight to a nondescript office park in Burr Ridge where Manmohan “Mac” Duggal runs one of the most popular pageant and prom dress lines in the U.S. Today, the 50-person company offers 12 collections each year, including a line from Duggal's daughter. Crain's has the company's story.

—Meanwhile, Chicago magazine focuses on one 15-year-old West Side boy dealing with his first significant run-in with the law and the sobering statistics he must overcome for a chance at life.

Here's how much money the city can't get from those parking meters

As the cash-strapped city searches for revenue, Chicago's parking-meter system took in $121.7 million last year, while four underground city-owned garages reaped another $34.7 million. But the Chicago Sun-Times reminds us that the $156 million pot of parking cash went to private investors who control the meters and garages under deals cut by former Mayor Richard M. Daley and rubber-stamped by the City Council.

The right way to seize on a viral video

Late last week, shopper Candace Payne posted a Facebook video of herself wearing the new Star Wars Chewbacca mask she'd bought at Kohl's, and became an internet sensation. The Menomonee Falls, Wis.-based retailer responded quickly by creating its own video response within 24 hours, and the real-time marketing strategy resulted in record social engagement for Kohl's. Ad Age has the story.